Adani, Accenture set to headline investment conclave in Gwalior on Wed

The third edition of the regional industry conclave (RIC) in Madhya Pradesh's Gwalior on Wednesday will see top officials from corporate houses such as the Adani group and Accenture and trade commissioners of many countries establish contact with potential investors and discuss the investment possibilities in the state.

Adani Defence and Aerospace is likely to announce investments, according to sources. The focus of the gathering will be job creation to the tune of 28,000 to 30,000 in direct and indirect roles.
 

This conclave will build on the earlier editions held in Ujjain and Jabalpur as the Gwalior-Chambal region is better connected to other parts of the country.

Chief Minister (CM) Mohan Yadav, Union Civil Aviation Minister Jyotiraditya Scindia and many industrialists of the country will attend the event.

Madhya Pradesh Industrial Development Corporation (MPIDC) Managing Director Chandramouli Shukla told Business Standard that the CM will virtually allocate land to industrial units during the conclave.

The geographical location of Gwalior can play an important role in the success of this conclave, say experts. Three major corridors of the country — North-South Corridor from Srinagar to Kanyakumari, Agra-Mumbai Highway, and East-West Corridor from Silchar to Porbandar — pass through the Gwalior region. 

The state government had received investment offers worth Rs 22,000 crore at the RIC held in Jabalpur on July 20 this year. Earlier in the Ujjain RIC in March this year the biggest investment announcement came from Adani Group, which proposed to invest Rs 75,000 crore in the state. About 70,000 direct and indirect employment opportunities are expected to be generated in the state from the above two RICs.